| Labor Day Job Outlook: Heaviest Job Cuts Are Behind Us TMT Newswire CHICAGO, IL — As the economy continues its slow crawl toward recovery, the upcoming Labor Day holiday could mark a turning point in the job market. An analysis of layoff trends by global outplacement firm Challenger, Gray & Christmas, Inc. indicates that the heaviest job-cutting of the year may have occurred in the opening months of 2009, when recession-related downsizing appears to have reached its peak. “We see more and more signs that the economy is beginning to turn around. While it’s too soon to expect a massive hiring binge… the pace of job cuts is continuing downward,” said John A. Challenger, chief executive officer of Challenger, Gray & Christmas. Overall, job cuts announced between January and April totaled 711,100, with the largest total for that period on record. While August job cuts are still being tabulated, with 282,948 job cuts announced from May through July, it’s clear that the four-month period ending this month will see significantly fewer job cuts. “Year-end job cuts are likely to increase from the levels recorded during the summer months, but we will probably not return to the levels reached between January and April. Job cuts are expected to continue the overall downward trend in 2010, when we might actually begin to see some small improvements in hiring,” said Challenger. Challenger sees Labor Day as the start of the New Year in the workplace and a great time for workers to evaluate their job situation and make “New Year’s” resolutions tied to keeping their jobs or finding new ones. —– MilitaryConnection.com is a portal of all things military. One of our main areas of focus is to connect members of military and veteran communities and their family members with outstanding jobs. We handle all occupational areas across the board including healthcare, transportation, law enforcement, trades, security high tech and much more. You will find excellent jobs for military and veterans in both the civilian and government sectors on our site. MilitaryConnection.com is proud to present a multitude of resources for those seeking employment opportunities. We provide all types of articles and job tips to assist you. We also have many valuable resources including but not limited to our Virtual Job Fair, our Directory of Employers and of course the MilitaryConnection Job Board with thousands of nationwide jobs. MilitaryConnection.com recognizes the wonderful contributions of Transition Officers and Veteran Service Officers. We value their hard work and work with them. When the next tours is back home, it’s on MilitaryConnection.com |